Form 941 Schedule B for 2020

Step by Step instructions for the IRS Form 941 Schedule B.

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Form 941 4th Quarter Deadline is
February 01, 2021

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Overview of IRS Form 941 Schedule B

Updated on July 17, 2020 - 10:30 AM by Admin, ExpressEfile

The employers must withhold federal income tax, social security tax, and Medicare tax from employee's paycheck and should be reported to the IRS. Generally, semiweekly schedule depositors should use Schedule B if they have reported the payroll taxes more than $50,000. The employers who accumulate more than $100,000 in tax liabilities on any single day in the tax year should also file Schedule B along with Form 941. Read on to know more about
941 Schedule B 2020.